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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Commercial real estate
123 Orange Ave South Orange, NJ 07079-1901
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US59-3151119
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1947
Construction
CONCRETE BLOCKS
Total area
9,602 SF
Lot
0.26 ac (11,413 SF)
Zoning code
CBRZ
APN
19 01007-0000-00022
UPID
US59-3151119
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sonny's Bagels (Bike/Boat/Book/etc) Store Bakery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.89M
Owner & transaction history
123 Realty Management LLC · 15 yrs held
123 Realty Management LLC
since 2010
6 recorded transactions
Zoning & alternative use
CBRZ · South Orange, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs South Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Orange submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,210,000
6.5%
$2,040,000
7%
$1,895,000
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$197 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$62,042
Tax year 2022
Assessed value
$1,769,100
Assessed 2023
Previous assessed
$1,769,100
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$684,800
Assessed improvement
$1,084,300
Land market value
$684,800
Improvement market value
$1,084,300
Total market value
$1,769,100
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1947
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
9,602 SF
Lot
0.26 ac (11,413 SF)
Zoning code
CBRZ
APN
19 01007-0000-00022
UPID
US59-3151119
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
CBRZ · South Orange, NJ
Zoning CBRZ · permitted uses
CBRZ · South Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Orange. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
123 Realty Management LLC
Entity
Mailing address
97 MAIN ST STE #201, CHATHAM, NJ 07928-2429
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2016
—
123 Realty Management LLC
—
Deed
related
$1,219,709 · Signature Bank
Dec 21, 2010
$1,150,000
123 Realty Management LLC
S & C Leasing Of South Orange LLC
Grant Deed
$1,000,000 · Agatha Panton
Jun 1, 2004
$735,000
S & C Leasing Of South Orange Ll
Essex Realty Investors LLC
Grant Deed
$550,000 · Intervest Mortgage Co LLC
—
—
S & C Leasing Of South Orange LLC
—
Deed Of Trust
related
$750,000 · Edge Capital III LLC
—
—
123 Realty Management LLC
—
Deed Of Trust
related
$1,300,000 · Signature Bank
—
—
S & C Leasing Of South Orange LLC
—
Deed Of Trust
related
$1,500,000 · Greenpoint Mortgage Funding
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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